ShareChat is raising $77 Mn from Google and Temasek as a part of larger fund raise
According to the filing, Temasek and Google will hold 2.64% and 1.07% in the company respectively
The development comes months after ShareChat raised around $60 Mn from Times Internet
After months of speculation, Mohalla Tech Private Limited, the parent company of ShareChat will be receiving $77.7 Mn or INR 607 Cr from Google and Temasek. This seems to be part of a larger fund raise that ShareChat has been looking to raise at a valuation of over $5 Bn Valuation.
In an extraordinary general meeting held, shareholders of ShareChat has agreed to pass a resolution to allot 1,501 Series H CCPS to Temasek and Google. As per the regulatory filing, post the allotment of the shares, both Temasek and Google will hold 2.64% and 1.07% in the company respectively.
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